2023-03-31-accounts - Fuel Productions Ltd

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	Page
Report ofthe Directors (Trustees)	2-10
Legal and Administrative information
Auditor's Report	11-13
Statement of FinancialActivities	14
Balance Sheet	15
Cashflow Statement
Notes forming part ofthe Financial Statements	17-25

							No. of	No. of
	production			Artist/Company		Dates	venues	present ations	Aildience Nos
	oThose Born	Later (digital)		Uninvited Guests		23 April, 11May, 20June 2022			53
						18 - 21May, 25 - 29 May,
	Peaceophobia			Commonwealth Speakers Corner	&	15 - 21August, 24 - 27 August, 05-11September		30	2,427
						2022
	Issy, BOSSS&	Fractal		lan Lane and Keisha horn pson		16-20 May, 23 - 26 May, 06-14June 2022		26	725
4	he Day I Fell School test	into a Book—		Lewis Gibson		04-05 May 2022			64
	Salt and Sugar digital)	(screening and		Hema Palani		24June - 01July 2022			Not known
	05Fest			Inua Ellams		01 - 07July 2022			542
	ORCH: Physic			lice Oswald		17July 2022			128
	he Gretchen	Question		Melly Still		22 September -02 October 2022			918
	Dead Body in Taos			David Farr		30September - 18 November 2022		33	3,723
10	Fly the Flag (digital)			enny Seaicy		10December 2022			77
	Love Letters Straight from Your Heart			Uninvited Guests		26 February 2023			32
12	he G retch en (digital)	Question	film	Melly Still		17 - 20 February 2023			14
13	he Midnight Dark	Run —UEL	After	Inua Ellams		08 February 2023
14	When All Is Said (telephone)			ravis Alabanza		13-17February, 06- March 2023		90	90
							26	209	8,799

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							Notes	2023	2022
								E	E
Fixed Assets
Tangible assets							12	17,077	21,997
Current Assets
Stock							13		3,067
Cash at bank	and	in hand						465,880	649,877
Debtors							14	214,577	154,531
Investments							15	13,983	15,285
								694,440	822,760
Liabilities
Creditors falling		due within one		year			16	(169,245)	(155,486)
Net Current	Assets							525,195	667,274
Total Net Assets								E542,272	E689,271
Funds							18
Unrestricted	funds —General		Funds					195,709	249,692
Unrestricted	funds: Designated:			Productions				106,771	102,783
Unrestricted	funds: Designated:			Digital Infrastructure				5,693	5,693
Unrestricted	funds: Designated:			Sustaining	Excellence				9,391
Unrestricted	funds: Designated:			Artist Development					17,205
Unrestricted	funds: Designated:			Project Development					50,250
Unrestricted	funds: Designated:			2022 Programme		Recovery			110,000
Restricted funds								234,099	144,257
								f542,272	f689,271

				Notes		2023	2022
						f	f
Cash provided by (used in) operating		activities		A	E(183,492)		E(228,991)
Cash flows from investing activities
Interest income						25	281
Purchase oftangible fixed assets						(1,832)	(20,402)
Investment in commercial productions						1,302	(9,285)
Cash provided by (used in) investing		activities				(505)	(29,406)
Increase in cash and cash equivalents		in the year				(183,997)	(258,397)
Cash and cash equivalents at the beginning			ofthe year			649,877	908,274
Total cash and cash equivalents at the end			ofthe year			6465,880	f649,877
A. Reconciliation ofnet movement	in funds to net cash flow			from operating		activities
						2023	2022
						6	6
Net movement in funds						(146,999)	699
Add back depreciation charge						6,752	8,922
Add back loss on disposal offixed assets							4,622
Deduct interest income shown in investing			activities			(25)	(281)
Decrease/(increase) in stock						3,067	(3,067)
Decrease/(increase) in debtors						(60,046)	56,248
Increase/(decrease) in creditors						13,759	(296,134)
Net Cash used in operating activities					g(183,492)		E(228,991)

	charitable ob	jects.
			2023	2022
			f	E
3.	Income from	Donations
	Individuals		23,688	35,508
	Corporations		5,000	2,000
	Unrestricted	grants	51,000	74,500
	Culture Recovery Fund			181,929
	Coronavirus	Job Retention Scheme		7,955
			E79,688	E301,892

4.	Income from	Income from	charitable	activities
	Arts Council	England - National		Portfolio funding	204,861	204,861
	Project Grants				687,308	624,006
	Commissions				187,253	117,332
	Production	fees &charges			166,920	86,357
	Ticket sales	&	merchandise		30,353	7,096
	Royalties				6,515	511
	Consultancy				42,019	36,342
	Other				122,504	74,621
					f1,447,733	E1,151,126
5.	Investment	income
	Bank interest				25	281
					E 25	f281
	Total incoming		resources		E1,527,446	E1,453,299

									2023		2022
									E		E
6. Expenditure on raising funds
Fees									37,460		34,420
Expenses									898		301
									E38,358		E34,721
7. Charitable activities
Artistic &creative fees									438,942		534,427
Production &touring		costs							354,076		139,198
Producing &production			staff costs						517,272		483,866
Royalties payable									2,688		693
Access costs									10,117		13,006
Marketing costs									77,543		24,717
Educationalengagement									8,611		7,682
Set storage									18,877		18,099
Direct administration		costs							4,332		6,702
Support costs									195,739		182,004
								E1,628,197		E1,410,394
Support costs
Staff costs									129,256		118,774
Freelance fees									1,731		1,730
Office overheads									29,535		25,753
Administration costs									11,809		12,533
ITcosts									3,224		2,364
Insurance									11,282		11,226
Legal &Professional	fees								750		200
Sundry expenses									1,400		502
Depreciation									6,752		8,922
									E195,739	E	182,004
8.Governance
Audit/Independent	Examination				fees			E	7,890	E	7,485
9. Net incoming resources and				expenditure			forthe year
									2023		2022
									E		E
This is stated after		charging:
Depreciation									6,742		8,922
Lease payments	in	the year							34,774		27,062
Auditor's/Independent				Examiner's		remuneration:
Audit fees									7,890		7,485


	Analysis ofstaff costs,		trustee	remuneration	and expenses,	and the cost of key
	management	personnel
						2023	2022
						f	E
	Salaries and wages					603,996	569,412
	Social security	costs				59,481	53,000
	Pension costs					13,942	11,861
						E677,419	E634,273
The average number ofemployees				during the	year were:
						2023	2022
	Producing &production		staff			13	13
	Fundraising staff					1	1
	Support staff					3	3
						17	17

		Salary	and	benefit	Pension	Contributions
		2023		2022	2023	2022
K	McGrath	F71,658		F72,115	E1,321	f1,321

12.	Tangible Fixed Assets	Tangible Fixed Assets	Tangible Fixed Assets
					Office	Production
					Equipment	Equipment	Website	Total
	Cost				f	f	f	f
	At 1April 2022				12,046	26,170	14,309	52,525
	Additions					1,832		1,832
	Disposals
	At 31March 2023				12,046	28,002	14,309	54,357
	Depreciation
	At 1April 2022				5,212	20,546	4,770	30,528
	Charge for Year				1,708	1,864	3,180	6,752
	Eliminated on Disposal
	At 31March 2023				6,920	22,410	7,950	37,280
	Net BookValue
	At 31March 2023				E5,126	E5,592	E6,359	f17,077
	At 31March 2022				E6,834	E5,624	f9,539	E21,997
13.	Stock					2023		2022
						f		f
	Books for resale					f		E3,067
14.	Debtors					2023		2022
						f		f
	Trade debtors					33,139		39,376
	Other debtors					181,438		115,155
						f214,577		E154,531
15.	Current asset investments					2023		2022
						f		f
	Investment in commercial			productions		E13,983		E15,285
16.	Creditors: Amounts		falling	due within one year		2023		2022
						E		f
	Trade creditors					57,853		37,367
	Accruals &deferred		income			57,691		87,079
	Other creditors					32,192		15,010
	Social security &other tax					21,509		16,030
						F169,245		E155,486
17.	Deferred income
						f		E
	Balance at 1April					53,045		269,003
	Amount released	to	incoming resources			(53,045)		(269,003)
	Amount deferred	in	the year			33,946		53,045
	Balance at 31March					E33,946		f53,045

18. Analysis ofcharitable	funds	funds			Balance			Transfers	Funds
					1April			between	31March
					2022	Income	Expenditure	Funds	2023
							E
Analysis ofmovements in unrestricted				funds
General Fund					249,692	840,138	(820,220)	(73,901)	195,709
Designated - Productions					102,783		(69,913)	73,901	106,771
Designated —Digitallnfrastructure					5,693				5,693
Designated —Sustaining Excellence					9,391		(9,391)
Designated —Artist Development					17,205		(17,205)
Designated —Project Development					50,250		(50,250)
Designated —2022 Programme Total unrestricted funds		Recovery			110,000 6545,014	f840,138	(110,000) f(1,076,979)		6308,173
Analysis ofmovements in restricted			funds
Production funds:
Archive Project						2,891	(2,891)
CVC commissioning					32,645		(23,850)		8,795
David Farr: A Dead Body in	Taos				34,825	26,482	(61,307)
David Rosenberg & Frauke The Shot-Girls Burst Into	Requardt: Flames			And	2,855		(2,855)
David Rosenberg &Frauke	Requardt:
Localite					2,993		(2,993)
Eska: Woman & Machine						28,341			28,341
Fly The Flag						59,252	(59,252)
Hannah Lavery: Protest						5,000			5,000
Inua Ellams: Borders &Crossings						31,293	(6,764)		24,529
Inua Ellams: The 419					14,999				14,999
Inua Ellams: 14th Tale						10,000			10,000
Khalid Abdalla: Nowhere						26,991	(5,067)		21,924
Lewis Gibson: The Day I Fell Into A			Book		12,940		(9,201)		3,739
Lucian Msamati: Mugabe Project					13,500				13,500
Melanic Wilson: Oracle						26,973	(5,001)		21,972
Melly Still: The Gretchen Question						69,990	(69,990)
Osoyegbon						6,728	(2,733)		3,995
Rachel Bagshaw: Trio						17,200	(10,895)		6,305
Racheal Ofori: Soho Six/FLIP!					2,000	17,500	(1,000)		18,500
Slung Low: Issy BOSSSand	Fractal					105,027	(105,027)
Toby Olie: There's a Bear On		My Chair				6,583	(6,583)
Travis Alabanza: When All	Is	Said				20,459	(20,459)
Uninvited Guests: Performing		Futures				73,098	(73,098)
Organisational development:
Fundraising consultant &staff					25,200	70,000	(42,700)		52,500
Audience development and	engagement				300	83,500	(83,800)
Sustaining Excellence					2,000		(2,000)
Total restricted funds					6144,257	6687,308	6(597466)		E234,099
Total Funds					6689,271	Etp527~446	E(1p674p445)		6542,272

18. Analysis ofcharitable funds	18. Analysis ofcharitable funds			Balance			Transfers	Funds
(continued)				1April			between	31March
				2021	Income	Expenditure	Funds	2022
						f
Analysis ofmovements in unrestricted			funds
General Fund				312,857	829,293	(714,632)	(177,826)	249,692
Designated —Productions				76,711		(41,754)	67,826	102,783
Designated —Digital Investment				2,470		(2,470)
Designated —Digital Infrastructure				15,000		(9,307)		5,693
Designated -Sustaining Excellence				19,891		(10,500)		9,391
Designated —Artist Development				22,985		(5,780)		17,205
Designated —Project Development				51,236		(31,236)	30,250	50,250
Designated-2022 Programme	Recovery						110,000	110,000
Total unrestdcted funds				f501p150	E829,293	f(815,679)	f30,250	f545,014
Analysis ofmovements in restricted		funds
Production funds:
CVC commissioning				41,708		(9,063)		32,645
2022 Programme					72,622	(42,372)	(30,250)
Creative Freelancers Shaping	London's				243,975	(243,975)
Recovery
David Farr: A Dead Body in Taos				19,347	15,478			34,825
David Rosenberg & Frauke Requardt:				2,855				2,855
And The Shot-Girls Burst Into Flames
David Rosenberg & Frauke Requardt:				2,993				2,993
Localite
Fly The Flag					2,000	(2,000)
Freelance Task Force					6,175	(6,175)
Heather Agyepong: The Body	Remembers			4,000	15,000	(19,000)
Inua Ellams: The 419				14,999				14,999
Inua Ellams: Midnight Run (Culture			Mile)		10,000	(10,000)
The Lab					8,500	(8,500)
Lewis Gibson: The Day I Fell Into A				10,353	13,587	(11,000)		12,940
Book
Lucian Msamati: Mugabe Project					13,500			13,500
Melanic Wilson: Oracle					20,931	(20,931)
NHS Heroes					16,167	(16,167)
Rachael Young: Thirst Trap					1,000	(1,000)
Rachel Bagshaw: Trio					9,744	(9,744)
Racheal Ofori: Soho Six/FLIP I					2,000			2,000
Slung Low: Issy BOSSSand Fractal					37,940	(37,940)
Toby Olie: There's a Bear On	My Chair				14,953	(14,953)
Uninvited Guests: Performing	Futures				3,334	(3,334)
Will Adamsdale: The Thing About England				1,186		(1,186)
Organisational development:
Fundraising &Production staff				25,200	33,600	(33,600)		25,200
Audience development and engagement				28,000	83,500	(111,200)		300
Sustaining Excellence				36,781		(34,781)		2,000
Total restricted funds				f187,422	f624,006	f(636,921)	f(30,250)	f144,257
Total Funds				6688,572	f1,453,299	f(1,452,600)		6689,271